India has asked Iran to provide financial guarantees before Delhi continues to allow vessels with Iranian insurance cover to enter Indian waters, the latest sign of difficulties Iran is facing in exporting oil.
Iran and world powe

Iran has offered to underwrite insurance for its vessels to keep oil exports to India flowing, after New Delhi asked for assurances to help halt a fall in shipments.
Letters seen by Reuters show Iran is offering sovereign guarante

Iran's Bank Parsian has stopped issuing payment guarantees for Iranian importers who buy Indian goods, because its account that was set up to skirt Western sanctions does not have the necessary funds in rupees.
India, exempted on Monda

A United Arab Emirates (UAE) council that advises the country's rulers approved a law on Tuesday to allow the government to guarantee debt instruments issued by local banks in a bid to boost the bond market.
The law now needs the appro

Investor Sheikh Mohamed Bin Issa al Jaber will not meet a Wednesday deadline to provide a bank guarantee for his plan to invest 150 million euros ($234.8 million) in Austrian Airlines, a spokeswoman for the sheikh said.
"Al Jaber withdrew